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Nigeria ‘eyes $4.5b African cybersecurity market’

Nigeria ‘eyes $4.5b African cybersecurity market’
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Nigeria on Tuesday says it now has eyes set on the African cybersecurity market stakes estimated at over $4.5 billion.

This was revealed in Abuja at the official unveiling of the National Cybersecurity Policy and Strategy (NCPS) that sets the framework for mitigating challenges faced by Nigeria on the internet, which was performed by President Muhammadu Buhari. 

Alhaji Akeem Ajijola, Chairman of the NCPS Review Committee says the revised National Cybersecurity Policy and Strategy 2021 will position the Nigerian economy to partake in the continent’s cybersecurity market.

nigeria-eyes-$4-5b-african-cybersecurity-market
Nigeria has an interest in the African cybersecurity market: Technology Times file photo shows Abdul-Hakeem Ajijola, Chairman of the National Cybersecurity Policy and Strategy (NCPS) Review Committee.

Through its eight pillars, “the new policy and strategy focuses on leveraging jobs creation opportunities in the estimated $4.5 billion African cybersecurity market; enhancing Federal Government anti-corruption capacity by addressing new virtual assets that aid money laundering; and deploying new tools that deny terrorists propaganda platforms and improve the capacity of security agencies to bring criminals to justice.”

According to him, the reviewed NCPS document “caters for the cybersecurity needs of all socio-economic strata including Malam Mai Shai, Mama Okpa, Mama Alakara and the roadside vulcaniser who now rely more on digital services, as well as our young innovators, technocrats, and ultra-high decision makers. In addition, we considered imminent digital threats to our sovereignty, economy, governance and security like digital currencies, abuse of social media, disruptive outer-space platforms and evolving global cyber-norms amongst others.”

Abdul-Hakeem Ajijola, Chairman of the National Cybersecurity Policy and Strategy (NCPS) Review Committee.

Speaking at the event, the Review Committee Chairman explains that the document launched by President Buhari “is the output of an in-depth, extensive multi-stakeholder effort which incorporates global trends and best practice, as well as the peculiarities of our environment.”

The team has delivered on its mandate under the supervision of the Office of the National Security Adviser (ONSA) “to formulate an improved and future-proofed National Cybersecurity Policy and Strategy 2021” that builds upon its predecessor document, Ajijola says.

According to him, “the previous National Cybersecurity Policy and Strategy which was launched in 2015, provided the basic framework for enhancing the constructive use of cyberspace while endeavouring to mitigate challenges.”

Ajijola says “cyberspace has become an indispensable catalyst for our social wellbeing, economic progression, national development, and national security. With this indispensable role in our lives, we must be vigilant and proactively prepare to counter malicious actors, threats and challenges that can jeopardise the progressive use of cyberspace.”

He is positive that Nigeria is poised for a new era as a critical player in cyberspace because the new document “is the output of an in-depth, extensive multi-stakeholder effort which incorporates global trends and best practice, as well as the peculiarities of our environment.”

According to him, the reviewed NCPS document “caters for the cybersecurity needs of all socio-economic strata including Malam Mai Shai, Mama Okpa, Mama Alakara and the roadside vulcaniser who now rely more on digital services, as well as our young innovators, technocrats, and ultra-high decision makers. In addition, we considered imminent digital threats to our sovereignty, economy, governance and security like digital currencies, abuse of social media, disruptive outer-space platforms and evolving global cyber-norms amongst others.”

According to him, the NCPS Implementation Pillars include:

1: Strengthening Cybersecurity Governance and Coordination

a. Establishment of National Cybersecurity Coordination Centre

b. Responsibilities of Cybersecurity Stakeholders

2: Fostering Protection of Critical National Information Infrastructure

a. Critical Information Infrastructure Protection and Resilience

b. Coordination of Critical Information Infrastructure Protection

c. Critical National Information Infrastructure Protection Plan

3: Enhancing Cybersecurity Incident Management

a. Coordination of National Cybersecurity Incident Management

b. Responsibilities of NGCERT

c. Establishment of Sectoral and other CSIRTS

d. National Cybersecurity Crisis Response Plan

e. Initiatives for Managing Cybersecurity Incidents

f. Mechanism for Cyber Incident Reporting and Information Sharing

g. Capacity Development for Incident Management

h. Collaborative Partnership for Incident Management

4: Strengthening Legal and Regulatory Framework

a. Amendment of Cybercrime Legislation

b. Enactment and Harmonization of New and Existing Legislations

c. Internet Safety and Child Online Protection

d. Gender Rights Online

e. Capacity Development for Law Enforcement and Judiciary

f. National Digital Forensics Laboratory

g. Mutual Legal Assistance for Combating Cybercrime.

5: Enhancing Cyber Defence Capability

a. National Cyber Defence Coordination

b. National Cyber Defence Plan

c. Cyber Defence Capacity Development

6: Promoting a Thriving Digital Economy 

a. Safe and Trusted Online Environment

b. Robust Cybersecurity Workforce

c. Raising Awareness

d. Virtual Assets

7: Assurance Monitoring and Evaluation 

a. Standards and Good Practices

b. Quality Control and Security Processes

c. Indigenous Cybersecurity Technology.

8: Enhancing International Cooperation

a. Coordination Framework for International Engagement

b. Regional Cybersecurity Development

c. International Cooperation

9: Funding and Sustainability Imperatives.

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